Welcome to our dedicated page for Graycliff Expl news (Ticker: GRYCF), a resource for investors and traders seeking the latest updates and insights on Graycliff Expl stock.
Graycliff Exploration Limited (CSE: GRAY, OTC Pink: GRYCF) is a mineral exploration company focused on gold ore mining projects on the Canadian Shield near Sudbury, Ontario. The company’s news flow centres on developments at its Shakespeare Project, a 1,468-hectare property made up of one crown patented lease, two crown leases and 40 claims associated with the historic Shakespeare Gold Mine.
News releases from Graycliff highlight exploration progress, portfolio changes and corporate actions. The company has reported drilling over 12,500 metres at Shakespeare, with visible gold identified in multiple holes, and has provided updates as it shifted its focus by signing a binding Letter of Intent and then a Purchase and Sale Agreement to divest its Baldwin and Lunge Projects to EV Minerals Corporation. These announcements explain how Graycliff is concentrating its efforts on Shakespeare following the transaction.
Investors following GRYCF news will also see regular coverage of financing and capital structure decisions. Graycliff has announced non-brokered private placements, detailing unit structures with common shares and warrants, intended use of proceeds for exploration and working capital, and conditions such as Canadian Securities Exchange approval. The company has also issued news about share consolidations, including a one-for-two reverse split and a later proposed one-for-four consolidation, along with related CUSIP and ISIN changes.
Corporate governance and strategic updates form another key category of Graycliff news. Releases have described leadership changes, such as the appointment of a new President and Chief Executive Officer and the transition of a previous executive to Chairman, as well as participation in investor conferences to discuss drilling results and planned work programs. For ongoing coverage of these exploration, financing and corporate developments, this news page aggregates Graycliff’s publicly released information in one place.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) has released full assay results from its first drill hole (J-8-21) in the ongoing 2,000 metre phase two drilling program at the Shakespeare Gold Project in Ontario. The drill hole intersected a high-grade mineralized interval of 16.37 g/t gold over 16.0 metres, which includes a higher grade section of 67.10 g/t gold over 3.0 metres. A broader zone of mineralization has been identified, suggesting enhanced potential for further discoveries. Additional assay results are expected in the coming weeks.
Graycliff Exploration Limited (OTCQB: GRYCF) announced partial assay results from drill hole J-9-21 at its Shakespeare Gold Project, revealing two mineralized intervals. Highlights include:
- 0.95 m at 3.12 g/t Au from 109.85 m to 110.80 m
- 4.00 m at 52.09 g/t Au from 116.0 m to 120.0 m, including 0.60 m at 267.00 g/t Au
These results, located approximately 20 m down-dip from a highly promising previous drill hole, demonstrate the project's potential for high-grade gold. Further assay results from ongoing drilling are expected soon, boosting optimism among investors.
Graycliff Exploration Limited (OTCQB:GRYCF) has launched a comprehensive phase three drilling program at its Shakespeare Gold Project near Sudbury, Ontario. The program aims to drill approximately 5,000 metres with a second rig, enhancing data collection from earlier phases. The focus will be on gold mineralized zones near the Miller Shaft, supported by ongoing 3D modeling. Additionally, surface sampling and geophysical surveys at the Baldwin Project will complement the exploration efforts. The total drilling planned for the current programs now stands at about 8,500 metres.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) announced the identification of visible gold in several drill holes from its 2,000-meter phase two core drilling program at the Shakespeare Gold Project. The initial results indicated a high-grade identification of 67 g/t over 3.0 meters in Hole #8. CEO James Macintosh confirmed visible gold in three additional holes during a recent site visit and expressed optimism about the ongoing assay results expected in Q2 and Q3. The drilling aimed to expand previously identified mineralization in the area near the Miller Shaft.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF, FSE:GE0) announced significant partial assay results from its Shakespeare Gold Project. Drill Hole J-8-21 yielded a high-grade mineralized interval of 66.98 g/t gold over 3.0 m, located approximately 30 m down-dip from a previous drill hole that reported 8.59 g/t Au over 5.5m. This is a promising start for the ongoing 2,000 metre phase two core drilling program. Additional assay results are expected in the near future, indicating strong potential for further mineralization.
Graycliff Exploration Limited has acquired 68 mining claims covering approximately 1,500 hectares in the Baldwin Project, adjacent to its Shakespeare Gold Project in Ontario. This expansion increases the total property to 2,525 hectares, enhancing exposure to the Murry Fault. Historical exploration focused on uranium and nickel, but geological similarities suggest potential for gold exploration. Graycliff will issue 1,800,000 common shares for full ownership of the Baldwin Project, subject to a 2% net smelter royalty.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) has successfully completed its Phase 2 Drilling at the Shakespeare Gold Project, located near Sudbury, Ontario. The drilling program involved 14 core diamond drill holes totaling 2,000 meters, focusing on expanding previously identified mineralization. To date, Graycliff has drilled a total of 3,200 meters in 21 holes. Technical Advisor Bruce Durham expressed confidence in the potential of the mineralized zone, emphasizing the benefits of drilling in areas near historic headframes.
Graycliff Exploration Limited has successfully completed a private placement offering worth $2,434,750, consisting of 1,246,333 non-flow-through units and 1,875,000 flow-through shares. Each unit is priced at $0.75 and flow-through shares at $0.80. The financing will fund the exploration program at the Shakespeare Project in Ontario, Canada, ensuring the company is fully funded through 2022. Management is currently engaged in phase 2 drilling and expects to release assay results soon. Additionally, finder’s fees amounted to $167,808 in cash.
Graycliff Exploration Limited (OTCQB: GRYCF) announced the early conversion of $530,000 in convertible debentures issued in September 2020. Strategic shareholders opted to convert their debentures into 905,961 common shares, which includes 22,628 shares for accrued interest. This conversion eliminates the company's debt, enhancing its financial position. The debentures were originally convertible at $0.60 per share and were set to mature on September 24, 2022. Graycliff focuses on mineral exploration in Canada.
Graycliff Exploration Limited (OTCQB: GRYCF) has announced the acquisition of key mining leases surrounding the historic Shakespeare Gold Mine in Ontario. The acquisition comprises 98 hectares of land and was completed through the issuance of 250,000 common shares. This strategic expansion aims to enhance the company’s potential for mineral exploration and development in the area.